The Board will have their short term and medium term objectives for sp growth to trigger their options and their targets.
They also know what institutional investors came in for .... most likely capital growth.

Share buybacks are the standard practice in the US.

For the long term investor, dividends and strong dividend growth are much preferred.

So, hopefully, in the not too distant future, we might expect to see dividends soon after a phase of buying back

boohoo.com plc is pleased to confirm that its Annual Report and Accounts for the year ended 28 February 2018, and its Notice of Annual General Meeting and Proxy Card have now been posted to shareholders.

The Notice of Annual General Meeting contains a resolution to seek authorisation to buy back up to 10% of issued share capital. This is conditional on independent shareholders approving a whitewash resolution pursuant to Rule 9 of the City Code on Takeovers and Mergers.

The Company's Annual General Meeting for the year ended 28 February 2018 will be held at TLT LLP, 3 Hardman Square, Manchester M3 3EB, at 2.00pm on 22 June 2018.

Copies of the Annual Report and Accounts and the Notice of Annual General Meeting are available on request from the Company at its head office at 49-51 Dale Street, Manchester, M1 2HF and are also available on the Company's website at: www.boohooplc.com.

boohoo.com plc is pleased to confirm that its Annual Report and Accounts for the year ended 28 February 2018, and its Notice of Annual General Meeting and Proxy Card have now been posted to shareholders.

The Notice of Annual General Meeting contains a resolution to seek authorisation to buy back up to 10% of issued share capital. This is conditional on independent shareholders approving a whitewash resolution pursuant to Rule 9 of the City Code on Takeovers and Mergers.

The Company's Annual General Meeting for the year ended 28 February 2018 will be held at TLT LLP, 3 Hardman Square, Manchester M3 3EB, at 2.00pm on 22 June 2018.

Copies of the Annual Report and Accounts and the Notice of Annual General Meeting are available on request from the Company at its head office at 49-51 Dale Street, Manchester, M1 2HF and are also available on the Company's website at: www.boohooplc.com.

A fast growing online fashion rival to Net-a-Porter has reported double digit revenue growth. Matchesfashion, which was founded in Wimbledon, south London, 30 years ago, said full year revenues were up 44% to £293m. Four fifths of online trade was outside Britain, with America sales up 54%.

Sorry Sage, only just seen this.. I bought more when we were down at 150p so i have an average of around 170 ish at the moment and quite happy where I am.

I can see the share going up this year quite a bit, and I think with the uncertainty before results, boohoo has literally smashed it out the park. all we need now are a few director dealings to start the rocket.

People who bought in at 150 getting out with a bit of profit and hoping it goes down again?

fair enough I say as its an easy 20% on their money, however i do think we are pushing 200 again this year easily and results were really good considering nearly every other retail brand is failing at the moment from reduced customer spending.

I think i'm going to hold it out and maybe top up if it continues to go down

Given Amazon's challenges in Europe's apparel market, some think it could try to repeat its success of buying scale and a site with a fashion focus through a deal in Europe. Amazon declined to comment on potential deals.

Euromonitor's Ms. Le Rolland said she thought a purchase was a possibility. Amazon is cash-rich, and an acquisition would be "quite a big shortcut as opposed to building something out," she said.

Write to Jeannette Neumann at [email protected] and Laura Stevens at [email protected]

In my opinion PLT is the best arm of the company and will continue to grow massively! its grown from a brand to a company in itself which is what boohoo wanted when they took it over.

I think the acquisition of two brands, resulting in one brand taking off is very good for boohoo as each brand staying as they were would have been profitable in the long run for the company already, resulting in the success of PLT being a bonus, and one that im sure will continue over the next few years, especially in the US where their celebrity endorsement is huge. the cost of celebrity endorsement ultimately needs to bring in a lot of customers to be worth it to the company, and the amount they are using is a good sign that it is doing its job.

I think there will still be a lot of good things to come from this company, and still think an estimate of 300 for the end of the year isn't too far away from what will probably happen

international growth is another factor that I think will grow the sp considerably. up until the year just gone boohoo wasn't that much of an international company and was trying hard to get their name out there, which was seen in the 99% increase in the international market.

In my opinion this is something that will only grow further and further as the brand establishes overseas. there is a lot of potential in the international market and boohoo has just stepped foot in it. I wouldn't be surprised to see a further 100% increase over the next year.

The size and proportion of these revenues, in the total group picture, means that as the PLT and NG revenues grow further, their enhanced margins compared to current Boohoo alone, will enhance total group margins and profits.....

Hi Younginvestor95. I agree with you as I was expecting £3.00 by end 2017.

I guess the valuation got too far ahead of events.
I think going forward we need to be a bit more conservative on guessing the future price. The market seems to want the PE to be a bit more realistic, I think/hope for a slow drift up to 220. then we will need a trading update which is as good or revised upwards in a few months before we go above 220.

Hmm ... yeah ... very strange day. Don't trust this lot. The directors usually sell when there's a sniff of consolidating a profit. I'm guessing that's what's going on here. Poor show that Carol Kane selling out last year - hardly a vote of confidence in her own company !!!!

Boohoo valuation not reflecting opportunity, says Jefferies
The outlook for online fashion retailer Boohoo (BOOH) is better than the current valuation is factoring in, according to Jefferies.

Analyst Niraj Amin retained his buy recommendation and target price of 280p on the stock after the company reported full-year sales up an impressive 97% and earnings up 60%. The shares jumped 17% to 180.7p yesterday on the news.

With 2019 set to be another strong year of 35-40% sales growth at a healthy 9-10% earnings margin, we believe the outlook for Boohoo is more encouraging than consensus and valuation currently presumes, he said.

Amin added that the company was supporting growth by continuing to invest in marketing, technology, and warehousing.

This is a leading online fashion group, currently with 4 fast-growing brands - BooHoo, PrettyLittleThing, Nasty Gal, and BooHooMan.

This share occupies a special place in my heart, as it was a stupendous performer for me, and many readers, when we spotted the wonderful buying opportunity at 24p, in Jan 2015 - after a profit warning.

Today's results are sparkling, and look well ahead of market expectations.

Adjusted diluted EPS came in at 3.23p, well ahead of forecast of 2.78p

There's a broker update note on Research Tree, which confirms the out-performance. It also raises its current year forecast by 12% to 3.68p.

Given that the company has a history of beating forecasts, sometimes by a lot, then I imagine the out-turn for this year (ending 02/2019) would probably be nearer 4.0p EPS.

If I'm right about 4.0p EPS for this year, then at the current price of c.177p, the PER is 44.3 - expensive by normal standards, but good value for a rapidly-growing, decently profitable eCommerce company. It's cheaper than Asos (where I have a short position), which doesn't make any sense to me - given that BOO is growing faster, cash generative, and makes a much higher EBIT margin than Asos.

Other key points;

Balance sheet is strong, with net cash of £133m

Warehouse automation is coming in, with quick payback. This should drive margin improvements in future. Criticism of working conditions sounds wide of the mark;

We have also opened substantial employee welfare facilities at the distribution and customer services centre, which includes a gym, exercise studio, leisure facilities and subsidised canteen.
Cash generation is very good, but flattered by favourable working capital movement (increase in trade creditors). The business model has an inherently positive cashflow bias, because goods are sold online for cash, before the suppliers have been paid. So growth actually improves working capital.

International growth is impressive - especially in the USA.

Outlook - sounds encouraging;

Trading in the first few weeks of the 2019 financial year has made a strong start. Group revenue growth for the next financial year (FY19) is expected to be 35% to 40% with adjusted EBITDA margin between 9% to 10% and capital expenditure of £50 to £60 million.

GDPR - these new regulations, over data privacy, are coming into force shortly.

Worries about this could well be behind the considerable fall in BOO shares since last summer. Although looking at the chart, it strikes me that the price overshot in what was then a raging bull market;

5ae0361a1d1baBOO_chart.PNG

I put the question to BOO management today, and was reassured that they're on the case with GDPR. They don't see it as a worry, although didn't give me any specifics on how they're dealing with it.

My opinion - I'm kicking myself for reducing my position size recently, over GDPR worries, and also the downward drift in the share price. Other investors may not be aware of how incredibly ambitious this group is. They're seriously disrupting the High Street, with lower prices, and a much faster product cycle of "test and repeat". I think there is still a role for High Street clothes shopping, as it's more instant, and enjoyable as a leisure activity. However, the best online operators such as BooHoo are grabbing more market share, which is bound to cause some weaker High Street operators to disappear over time.

Overall, I'm very happy to hold, and will be adding more to my position if the price drifts back down again.

I'm listening to the results webinar now. Lots of interesting points;

Low customer churn is impressive, at only 13% p.a. - so this group has a loyal customer base - which reduces my concerns about GDPR h

Surging Boohoo sheds tears of joy
Recent scepticism towards Boohoo (BOO) was in danger of sounding a little hollow today as the online fashion retailer smashed City forecasts and reported further progress in its target of achieving £3 billion in global sales.

Shares in the AIM-listed stock have struggled in recent weeks amid concerns about margins and fears that the stock has got ahead of itself after a spectacular 2016 and 2017 in which it surged by more than 400%.

But the market swung back behind Boohoo today with a share price rise of more than 15% as the company highlighted the "great progress" enjoyed by the recent brand additions PrettyLittleThing and Nasty Gal.

Manchester-based Boohoo, which has been successful in using social media and celebrity endorsements to appeal to the 16-30 age range, saw revenues almost double in the year to February 28 to £580 million. Underlying earnings were 60% higher at £56.9 million.

Boohoo also forecast revenues growth of up to 40% for the current financial year following a strong start to 2018. Joint house broker Jefferies said the outlook was much stronger than the market had been expecting, prompting it to lift its underlying earnings forecast by 4% to £79 million.

The team at Jefferies has a price target of 280p, which would represent a return to and above the record levels seen in June and September last year after a string of earnings upgrades from the company boosted broker sentiment.

Source: interactive investor Past performance is not a guide to future performance

Since then, concerns over margin pressure caused by the cost of investing in price and promotions have taken the shine off Boohoo's reputation as one of AIM's top performers. A forward price/earnings (PE) above 50 added to concerns that the stock was overpriced.

The group believes it can achieve a distribution network capable of generating £3 billion of net sales globally. In a sign of the changing dynamics of the retail sector, rival ASOS (ASC) recently declared its intention to achieve £4 billion of net sales as the world's "number one destination for fashion loving 20-somethings".

To support this growth, Boohoo is continuing to invest heavily in marketing, technology and warehouse automation in order to generate economies of scale.

A new building at the group distribution centre in Burnley will be ready for use in early 2019 and sufficient for an operation capable of generating over £1 billion in net sales. Pretty Little Thing is also to move into its own warehouse, while Nasty Gal is being supported through new offices in Manchester and Los Angeles.

Analysts at joint broker Zeus said Boohoo was now trading on a 2019 enterprise value to earnings multiple (EV/EBITDA) of 22.5x, which falls to 17.7x in 2020.

They highlighted the company's much improved year-end cash position of £133 million, which they said supported the management's ambitious growth targets.

Knew results for the year would be good... pretty little thing is just all over the place itself as a brand! Delighted that the results are how they are and it keeps looking good, brilliant growth internationally too!

Hopefully this means we might get a few director dealings back in the share and some more confidence this year !

The size and proportion of these revenues, in the total group picture, means that as the PLT and NG revenues grow further, their enhanced margins compared to current Boohoo alone, will enhance total group margins and profits.....

V Good
All about the growth for me
Strong revenue growth across all geographies with UK up 95% and international up 99%
Gross margins have suffered a little
Gross margin 51.2%, down 330bps, driven by planned investments in the customer proposition (retail gross margin 53.4% (2017: 56.1%))

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